The Dutch corporate governance code monitoring committee has published a revised corporate governance code for the Netherlands replacing its previous 2008 code. The revisions follow earlier consultation and were at the request of Dutch company bodies, trade unions and shareholder organisations. The key changes relate to long-term value creation and the introduction of ‘culture’ as a component of […]
Read MoreThe UK government’s widely trailed corporate governance green paper has focused, as expected, on executive pay and stakeholder representation at companies as well consulting on corporate governance rules for large privately owned companies. Manifest welcomed the consultation particularly the Government’s questions in relation to proxy advisors and other shareholder advisors who support investment managers and asset owners in their […]
Read More
UK Prime Minister Theresa May appeared to soften her stance on board worker representation within UK companies having previously suggested they should be represented alongside consumers. Speaking at the CBI annual conference this week she said that the government’s coming green paper on corporate governance would address executive pay, shareholder accountability and how “we can ensure the employee […]
Read More
South Africa’s corporate governance guidance, the King Report IV, has been radically revised in its latest version. According to the Institute of Directors in Southern Africa (IoDSA) the report is considerably more accessible, making it applicable beyond public companies. The IoDSA said King III’s 75 principles have been reduced to a mere 16 in King IV, with […]
Read More
Taiwan Corporate Governance Best-Practice Principles update In response to the latest G20/OECD Principles of Corporate Governance, Taiwan has updated its Corporate Governance Best-Practice Principles for companies listed on its stock exchanges. Key changes include allowing investor engagment; creation of a company secretary position to handle corporate governance matters; electronic voting; eliminating cross-border voting barriers and shareholder meeting information to be […]
Read More
Over half of the Sky’s (LON: SKY) independent shareholders rebelled against the election of James Murdoch as a non-executive director at last week’s AGM following his appointment as chairman earlier this year. Overall Murdoch received 71.6% support for his re-election, the lowest vote in favour of any of the AGM’s resolutions. However, when 21st Century Fox shareholdings are […]
Read MoreUK Prime Minister Theresa May has committed her government to tackling what she sees as corporate irresponsibility by a small number of companies and to improving board diversity by including workers and consumers. Speaking at the Conservative Party Conference May emphasised the role of citizenship that companies should also embrace, “That means a commitment to the men and […]
Read MoreGovernance standards in emerging markets are coming under closer scrutiny. The International Organization of Securities Commissions’ (IOSCO) has published a report seeking to strengthen corporate governance frameworks within emerging markets. The report from IOSCO’s growth and emerging markets committee identifies possible measures and regulatory approaches aimed at strengthening corporate governance in emerging market jurisdictions and aligning […]
Read MoreThe Securities and Exchange Commission of Thailand is consulting on a draft corporate governance (CG) code, which will replace the country’s principles of good corporate governance 2012, and a new investment governance code. The deadline for responses to both consultations is the end of the month. In 2015, the SEC said it completed a survey to obtain […]
Read MoreCG Watch 2016, a survey of 12 major Asia-Pacific markets and 1,027 Asian companies has ranked Singapore as Asia’s top corporate governance (CG) performer followed by Hong Kong, Japan, Taiwan, Thailand, Malaysia, India, Korea, China, Philippines and Indonesia. The biennial survey of Asian markets was carried out by brokerage and investment group CLSA in collaboration with the the […]
Read More